Physicians Life Insurance Company: Customer Ratings & Reviews [2024]

Physicians Life Insurance Company, a stalwart in the insurance industry for over 50 years, stands as a trusted provider committed to delivering quality coverage tailored to individual needs, backed by a solid reputation for exceptional customer service and efficient claims processing.

UPDATED: Oct 24, 2024Fact Checked

Chris Abrams

Licensed Insurance Agent

Chris is the founder of Abrams Insurance Solutions and Marcan Insurance, which provide personal financial analysis and planning services for families and small businesses across the U.S. His companies represent nearly 100 of the top-rated insurance companies. Chris has been a licensed life and health insurance agent since 2009 and has active insurance licenses in all 50 U.S. states and D.C. Chr...

Licensed Insurance Agent

Jeff Root

Licensed Insurance Agent

Jeff is a well-known speaker and expert in life insurance and financial planning. He has spoken at top insurance conferences around the U.S., including the InsuranceNewsNet Super Conference, the 8% Nation Insurance Wealth Conference, and the Digital Life Insurance Agent Mastermind. He has been featured and quoted in Nerdwallet, Bloomberg, Forbes, U.S. News & Money, USA Today, and other leading...

Licensed Insurance Agent

UPDATED: Oct 24, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

UPDATED: Oct 24, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Oct 24, 2024Fact Checked
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Physicians Life Insurance Company

Average Monthly Rate For Good Drivers

$104

A.M. Best Rating:

A-

Complaint Level:

Low

Pros

  • Offers a variety of coverage options to meet customers’ unique needs
  • High ratings for customer service and claims process
  • Offers discounts to help customers save money on their premiums
  • Affordable premiums for the coverage provided
  • Offers annuities to help customers protect their retirement savings

Cons

  • Coverage not available in all states (e.g., New York, Massachusetts, Minnesota, and Wisconsin)
As we go through life, it's important to have a plan in place to protect ourselves and our loved ones in case something unexpected happens. That's where Physicians Life Insurance Company comes in. As a top-rated insurance provider, Physicians Life Insurance offers a variety of coverage options to help ensure your financial security and peace of mind. Here are some of the products and services they offer: Types of Insurance Offered:
  • Whole Life Insurance: provides lifelong protection with a guaranteed death benefit and level premiums that never increase.
  • Term Life Insurance: provides affordable coverage for a specified period of time with a guaranteed death benefit and fixed premiums.
  • Medicare Supplement Insurance: helps cover the costs of healthcare that Original Medicare doesn't cover.
  • Annuities: helps protect your retirement savings and provide guaranteed income for life.

Physicians Life Insurance Company is a highly reputable life insurance provider that has been in business for more than 50 years. With a mission to provide quality coverage to their customers, the company offers a range of policies to meet the unique needs of each individual.

They have a strong track record of excellent customer service and efficient claims processing. Customers can save money on their premiums through various discounts, such as multi-policy, good health, and loyalty discounts.

Although the coverage is not available in all states, those who are eligible can benefit from affordable premiums and the peace of mind that comes with having a trusted life insurance provider.

What You Should Know About Physicians Life Insurance Company

Company Contact Information:

Financial Ratings:

  • A.M. Best Rating: A-
  • Better Business Bureau Rating: A+

Customer Service Ratings:

  • Better Business Bureau Rating: A+
  • Consumer Affairs Rating: 3.9 out of 5 stars

Claims Information:

  • Claims can be filed online or by phone.
  • The company offers a 24/7 claims service hotline.
  • The company states that it handles claims promptly and efficiently.

Company Apps:

There is no specific information available at this time.

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Physicians Life Insurance Company Insurance Coverage Options

Physicians Life Insurance Company offers a range of coverage options to meet the unique needs of their customers. These coverage options include:

  • Term life insurance: Provides coverage for a specified period (e.g., 10, 15, 20, or 30 years).
  • Whole life insurance: Provides permanent coverage for the duration of the policyholder’s life, as long as premiums are paid.
  • Final expense insurance: Provides coverage specifically for funeral and burial expenses.
  • Medicare supplement insurance: Helps cover the out-of-pocket costs associated with Medicare.
  • Annuities: Helps customers protect their retirement savings by providing a guaranteed income stream.

Customers can choose the type of coverage that best suits their needs, and can work with a representative from Physicians Life Insurance Company to ensure that they have the right amount of coverage for their unique situation.

Physicians Life Insurance Company Insurance Rates Breakdown

Driver ProfilePhysicians Life Insurance CompanyNational Average
Clean Record$105$119
1+ Ticket$155$147
1+ Accident$185$173
DUI$230$209
Poor Credit$181$205

*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver


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Physicians Life Insurance Company Discounts Available

DiscountPhysicians Health Choice of Texas
Anti Theft4%
Good Student8%
Low Mileage3%
Paperless2%
Safe Driver12%
Senior Driver6%

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Physicians Life Insurance Company offers a range of discounts to help customers save money on their premiums. These discounts include:

  • Multi-policy discount: Customers who have more than one policy with Physicians Life Insurance Company can receive a discount on their premiums.
  • Good health discount: Customers who meet certain health criteria can receive a discount on their premiums.
  • Non-smoker discount: Customers who do not smoke or use tobacco products can receive a discount on their premiums.
  • Loyalty discount: Customers who have been with Physicians Life Insurance Company for a certain number of years can receive a discount on their premiums.
  • Automatic payment discount: Customers who set up automatic payments can receive a discount on their premiums.

These discounts can add up to significant savings on customers’ premiums and can help make life insurance coverage more affordable.

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How Physicians Life Insurance Company Ranks Among Providers

Physicians Life Insurance Company’s main competitors are other companies that offer life insurance policies, such as:

  • State Farm: This company offers a wide range of insurance products, including life insurance, and has been in business since 1922.
  • Allstate: Allstate is another well-known insurance company that offers life insurance policies, as well as other types of insurance products.
  • Mutual of Omaha: This company has been in business for over 100 years and offers a variety of life insurance policies, including term life, whole life, and universal life insurance.
  • Nationwide: Nationwide is a Fortune 100 company that offers a range of insurance and financial products, including life insurance.
  • New York Life: New York Life is the largest mutual life insurance company in the United States, and has been in business for over 175 years. They offer a variety of life insurance policies, as well as other financial products.

Overall, these companies are strong competitors of Physicians Life Insurance Company due to their long histories, varied product offerings, and reputations for quality customer service.

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Frequently Asked Questions

What is the difference between whole life insurance and term life insurance?

Whole life insurance provides lifelong coverage with a guaranteed death benefit and level premiums that never increase. Term life insurance provides affordable coverage for a specified period of time with a guaranteed death benefit and fixed premiums.

How do I get a quote from Physicians Life Insurance Company?

You can get a quote by visiting the Physicians Life Insurance Company website and filling out their online form, or by calling their toll-free number.

What states does Physicians Life Insurance Company operate in?

Physicians Life Insurance Company operates in all states except New York, Massachusetts, Minnesota, and Wisconsin.

How do I qualify for the non-smoker discount?

To qualify for the non-smoker discount, you must not have smoked in the past 12 months.

How do beneficiaries file a claim with Physicians Life Insurance?

When the insured person passes away, the beneficiaries can file a claim with Physicians Life Insurance to receive the death benefit. To initiate the claims process, follow these general steps:

  1. Notify Physicians Life Insurance: Contact Physicians Life Insurance’s claims department to inform them of the insured person’s death. You can find the claims contact information on the insurance policy or by contacting customer service.
  2. Gather required documents: Physicians Life Insurance will provide a list of required documents for the claim. Typically, you will need to submit the death certificate, completed claim forms, and any other requested information.
  3. Submit the claim: Fill out the necessary claim forms accurately and attach the required documents. Send the completed forms and documents to the address provided by Physicians Life Insurance.
  4. Follow up: Keep track of the claim’s progress and communicate with Physicians Life Insurance’s claims department if you have any

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Chris Abrams

Licensed Insurance Agent

Chris is the founder of Abrams Insurance Solutions and Marcan Insurance, which provide personal financial analysis and planning services for families and small businesses across the U.S. His companies represent nearly 100 of the top-rated insurance companies. Chris has been a licensed life and health insurance agent since 2009 and has active insurance licenses in all 50 U.S. states and D.C. Chr...

Licensed Insurance Agent

Jeff Root

Licensed Insurance Agent

Jeff is a well-known speaker and expert in life insurance and financial planning. He has spoken at top insurance conferences around the U.S., including the InsuranceNewsNet Super Conference, the 8% Nation Insurance Wealth Conference, and the Digital Life Insurance Agent Mastermind. He has been featured and quoted in Nerdwallet, Bloomberg, Forbes, U.S. News & Money, USA Today, and other leading...

Licensed Insurance Agent

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Free Insurance Providers Comparison

Compare Insurance Providers Rates to Save Up to 75%

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